As we advance our process to create two stand-alone operating companies in the areas of health technology and lighting solutions, we are determined to build upon our rich heritage by touching billions of lives each year with our innovative technology solutions and services.
We see significant market opportunities
With our understanding of many of the longer-term challenges our world faces, we see major opportunities to apply our innovative competencies in the areas of health systems, personal health and lighting solutions and so create value for our stakeholders.
We take a systematic approach to value creation. Firstly, by understanding the challenges our customers and consumers face and delivering innovations that meet their needs. And secondly by applying the Philips Business System to ensure we deliver time and again.
Our Path to Value sets out the roadmap for our Accelerate! transformation journey, which is designed to make Philips an agile, enterprising innovator – one that creates lasting value for its customers, shareholders and other stakeholders.
To ensure we remain on track to achieve our vision, we have developed an independently verified model that tells us how many lives we have touched in a given year. Discover the impact our solutions are having around the world with our Lives improved model.